Week #9 summary
First, quick reminder. I added my trading tools (up in the menu) so you can use same tools as I.
Eur/usd broke out of the range move. As you can see, correction stopped at 78% retracement line and near monthly pivot line. Eur/usd daily chart:
Now it looks like move down is possible. For me it means that on lower time frames we should see more action and stronger moves.
Usd/jpy still looks bullish. Dollar gained some strenth in the end of the week and on daily chart it looks like bulls may try to go higher. Daily usd/jpy:
DAX is going up. Nothing new here. Daily DAX:
I’m busy so only short post today. It looks like we may see finally some stronger moves. Have a nice weekend.